BEIJING, Aug 14 (Reuters) – China Mobile Ltd,
China’s largest telecom provider, saw first-half net income
slide 8.5 percent as fierce competition from rival carriers and
Internet-based service providers heaped pressure on its slowing
Net profit was 57.7 billion yuan ($9.38 billion), largely in
line with a consensus analyst estimate of 55.7 billion yuan,
according to Thomson Reuters SmartEstimate, but represented the
fourth consecutive quarter of year-on-year profit decline.
BEIJING (Reuters) – China’s Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world’s biggest personal computer maker is transforming itself into a major player in mobile technology.
Beijing-based Lenovo said on Thursday net income climbed to $214 million in the three months through June from $174 million in the same period a year earlier, the opening quarter of its fiscal year. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts.
BEIJING (Reuters) – Xiaomi Inc said it had upgraded its operating system to ensure users knew it was collecting data from their address books after a report by a computer security firm said the Chinese budget smartphone maker was taking personal data without permission.
The privately held company said it had fixed a loophole in its cloud messaging system that had triggered the unauthorized data transfer and that the operating system upgrade had been rolled out on Sunday.
Aug 11 (Reuters) – On a trip to Beijing a decade ago, Bill
Gates was asked by a senior government official how much money
Microsoft Corp made in China. The official asked the
interpreter to double check Gates’ reply as he couldn’t believe
the figure was so low.
It’s a problem that hasn’t gone away. Indeed, Microsoft’s
current issues in China conceal a deeper problem for the U.S.
software giant – despite the popularity of its Windows operating
system and Office suite, few people in emerging markets are
willing to pay for legitimate copies.
BEIJING (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) products such as laptops and tablets are not banned from Chinese government procurement lists, according to the country’s chief procurement center, refuting a report claiming Apple was blacklisted on national security concerns.
According to a Bloomberg News report published on Wednesday, 10 Apple products, including MacBook laptops and iPad tablets, were taken off a government list of approved hardware due to security concerns.
BEIJING (Reuters) – International Business Machines Corp said on Thursday it would provide cloud-based risk analysis for a Chinese financial data firm in a deal that executives heralded as a model for future business in China, where state-owned enterprises are increasingly shunning foreign technology on security grounds.
Under the new software deployment model, financial data provider Shanghai Wind Information will send publicly available data to IBM’s cloud for risk analysis without having to disclose specific portfolio holdings or having to install IBM software or hardware on its servers.
BEIJING, Aug 7 (Reuters) – China Unicom, the
country’s second-biggest wireless carrier, fell short of analyst
expectations when it reported its first-half net income as
China’s new value-added tax scheme began to cut into earnings.
Net income for the six months ended June 30 rose 26 percent
to 6.7 billion yuan ($1.09 billion), the company said on
Thursday after the Hong Kong market close. That missed
projections of 7.35 billion yuan, estimates compiled and
calculated by Thomson Reuters show.
By Supriya Kurane and Gerry Shih
(Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research, Stock Buzz) on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company’s efforts to revive flagging user growth.
Ali Rowghani, once seen as an influential No. 2 who oversaw Twitter’s product development, finances and dealmaking, departed after clashing with Chief Executive Officer Dick Costolo over whether he should continue to oversee product innovation, a person familiar with the matter said.
SAN FRANCISCO, June 12 (Reuters) – Internet security company
Cloudflare said on Thursday it will offer its full raft of
protective services for free to “politically or artistically
important” Web sites that come under politically motivated
The San Francisco-based company is one of the most highly
sought-after Internet service providers, but also highly
criticized for serving customers the U.S. government views as
terrorist organizations. It defends its customers from
distributed denial-of-service attacks, an increasingly popular
method used by hackers to take down Web sites.
By Supriya Kurane and Gerry Shih
(Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research, Stock Buzz) on Thursday announced the resignation of its chief operating officer, who had been responsible for the social media company’s efforts to revive flagging user growth.
Ali Rowghani, once seen as an influential No. 2 who oversaw Twitter’s product development, finances and dealmaking, departed after clashing with Chief Executive Officer Dick Costolo over whether he should continue to oversee product, a person familiar with the matter said.